Hosepipe ban across London and south England expected within weeks, reveals Thames Water August 9, 2022 Thames Water plans to bring in a hosepipe ban in the coming weeks, amid the prospect of another heatwave this month.
150,000 Brits join campaign to force govt to do more to tackle cost of living crisis August 9, 2022 A new campaign to press the Government to do more to tackle the cost-of-living crisis is backed by more than 150,000 people. Union leaders said the fact so many people signed up to the Enough is Enough campaign on its first day on Monday shows the popularity of the initiative. Dave Ward, general secretary of [...]
British defence giant Qinetiq wins US military deal just a day after £490m Stateside takeover August 9, 2022 British defence technology giant Qinetiq has snagged a $45m (£37.1m) contract with the US military to provide cyber, intelligence, surveillance and reconnaissance services. The London-listed science and engineering firm, which will also provide communications, control and computers, over a one-year base period, with the option to extend by four more one-year terms. It comes just [...]
Shelter warns that Londoners are faced with ‘increasingly unaffordable’ rents August 9, 2022 Campaigners at Shelter have warned that Londoners are faced with “increasingly unaffordable” rents. “We are hearing from people every day who are battling increasingly unaffordable private rents, who are struggling to find somewhere to live,” the charity’s policy manager Ruth Ehrlich told the Financial Times’ personal finance podcast, Money Clinic, today. “And when they do, [...]
Don’t rule out even more rate rises, Bank of England’s Ramsden warns August 9, 2022 The Bank of England will have to build on the biggest rate rise in nearly 30 years to sweep inflation out of the UK, a senior official at the monetary authority said today. Dave Ramsden, deputy governor at the Bank, told Reuters “it’s more likely than not that we will have to raise Bank Rate [...]
Biopharma snags over £30m windfall from Pfizer’s latest billion-dollar deal August 9, 2022 Life science debt investor Biopharma Credit has snagged a more than £30m windfall thanks to Pfizer’s latest billion-dollar deal. Pfizer, the US pharmaceutical giant behind one of the world’s most successful Covid-19 vaccines, confirmed yesterday that it has bought Global Blood Therapeutics for $5.4bn (£4.4bn), as the US pharmaceutical giant continues its Covid-19 cash spending [...]
Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Germany’s economy faces £220bn blow from war in Ukraine and ultra-high energy prices August 9, 2022 Germany's economy will lose over £220bn by the end of the decade, following Russia's invasion of Ukraine and ultra-high energy prices.
Canadian engineering firm WSP snatches up RPS for £591m August 9, 2022 Engineering firm WSP has snatched environmental consulting group RPS for £591m, at 117p per share. Agreed by both parties today, the offer sent RPS shares surging by 74.36 per cent as it represents a premium of 76 per cent on yesterday’s price. The group’s board accepted the offer, considering the terms of the agreement to [...]
Today’s elections in Kenya: Meet Esther Passaris, not your average Nairobi household name August 9, 2022 It’s D-Day in Kenya as the country is holding its biggest election in years today. Polls opened at 7am this morning for more than 22m registered voters, who will today endorse their favourite candidates in 46,232 polling stations across the country. All eyes are on the top job, with outgoing President Jomo Kenyatta leaving government [...]